MCX taps BSNL for network backbone

The Multi Commodity Exchange of India (MCX) has tied up with Bharat Sanchar Nigam Limited (BSNL), to offer nationwide leased line network to exchange members for quick and real time sharing of resources and data.

Joseph Massey, deputy managing director of MCX, said, “With this network the exchange is ensuring its customers services at a very optimal cost along with security and confidentiality. So now traders can work real time with us without any tension about the security features.”

The facility is a virtual private network (VPN) solution whose key attributes are that it has full redundancy built into it to give strong back up support to other network lines.

The members using the terminal are required to obtain a 64 kilobytes per second (kbps) local leased circuit to the nearest node of BSNL through which data would flow to the exchange terminal linked to BSNL in Mumbai.

This facility will be using a system called multi-protocol label switching (MPLS) and is expected to offer high quality connectivity to the users at an optimal cost as intra city charges rather than the inter city charges would apply to traders.

BSNL will also provide a dial-in facility, which will act as an automatic backup for the leased line connectivity for high uptime.

The network will be available in more than 200 locations across the country including all the major cities of Maharashtra, Gujarat, Andhra Pradesh, Uttar Pradesh, Madhya Pradesh, Rajasthan, Tamil Nadu, Punjab, Haryana, Kerala and other states.